Gerdau S A : Notice to Shareholders - Payment of Dividends/ISE

GERDAU S.A.	METALÚRGICA GERDAU S.A.
Tax ID (CNPJ/ME) 33.611.500/0001-19	Tax ID (CNPJ/ME) 92.690.783/0001-09
Registry (NIRE): 35300520696	Registry (NIRE): 35300520751

NOTICE TO SHAREHOLDERS

PAYMENT OF DIVIDENDS AND INTEREST ON EQUITY

We would like to inform our Shareholders that Gerdau S.A. and Metalúrgica Gerdau S.A. (collectively, the "Companies") Boards of Directors approved, on November 08, 2022, the payment of Dividends and Interest on Equity as an anticipation of the minimum payment for the current fiscal year of 2022. The amount will be paid according to the dates listed bellow and credited based in the positions of shareholders dated of November 21, 2022.

	Payment	Value per Share	Value per Share
Company	Common and Preferred	Common and Preferred
Date
	Dividends	Interest on Equity
METALÚRGICA	12/15/2022	R$ 0.27	R$ 0.23*
GERDAU S.A.
GERDAU S.A.	12/14/2022	R$ 1.73	R$ 0.42*

(*)The interest will be paid net of withholding income tax of 15%, pursuant to Paragraph 2, Article 9 of Law 9,249/95. Beneficiaries resident or domiciled in countries with favored taxation are subject to withholding income tax of 25%, pursuant to Article 8 of Law 9,779/99. Shareholders exempt from income tax withholding must confirm their exemption by mailing the corresponding documents to the address stated at the end of this notice by November 23, 2022. The Company will consider that the shareholder is not tax-exempt if the above mentioned documents are not received by the aforementioned date.

Please note that shares acquired on November 22, 2022, and thereafter, will be traded EX-DIVIDEND.

Additional information can be obtained from our Investor Relations Department, located at Av. Doutora Ruth Cardoso, 8501 - 8th Floor - São Paulo - SP - 05425-070 - Brazil.

Phone: [phone]

E-mail:[e-mail]

São Paulo, November 09, 2022.

Rafael Dorneles Japur

Executive Vice President

Investor Relations Director

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